) estimation of 46 states over the period from 1998 to 2017. The findings confirm that the PMG estimates of the effect of stock …

to the New World. This phenomenon, taking place along with the first wave of globalisation, was absolutely massive …: approximately 50 millions of Europeans fled from their home country to the New World, between 1820 and 1913 (Hatton and Williamson …, 2003). Ever since, aside from a halt in the period between the two World Wars, international migration has accompanied the …

of a dynamic panel data model for German states between 1970 and 2006. Our preferred specification relates changes in …-run perspective in a co-integration model. Here we specify a Panel-ECM and look at its short run adjustment to judge about the share … earlier literature. Since we employ different estimators including (pooled) mean group estimation, we are also able to check …

consumption.Next, we estimate this dynamic consumption equation for a panel of 15 OECD countries over the period 1972-2007 taking … simulations. The estimation results support the labour-consumption complementarity hypothesis but not the other forms of …

requires only panel data on consumption and income.Using the Panel Study of Income Dynamics, we find---in contrast to the … incomplete markets model and find that advance information reduces households' income forecast errors by 15%. Our estimation …

requires only panel data on consumption and income. Using the Panel Study of Income Dynamics, we find---in contrast to the … incomplete markets model and find that advance information reduces households' income forecast errors by 15%. Our estimation …

variables, we use instrumental variables estimation. We exploit both the temporal and spatial dimensions of the panel by …